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The global coconut nectar syrup market is being aided by the rising coconut syrup market, which reached a value of USD 205.79 million in 2023. The coconut syrup market is further expected to grow at a CAGR of 7% in the forecast period of 2024-2032.
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The rising demand for coconut nectar syrup in the bakery and confectionary sectors is significantly contributing to the industry growth. It is utilised to add a sweet flavour to raw chocolates and provide smoothness to homemade desserts. As coconut nectar syrup is a great source of amino acids and vitamins, it is increasingly being preferred by the manufacturers to attract health-conscious people. The growing demand for natural sweeteners is aiding the industry growth. Based on nature, the organic segment is expected to witness a healthy growth over the forecast period owing to the growing shift towards a healthy lifestyle.
Region-wise, Europe and North America are expected to significantly contribute to the industry growth over the forecast period. The growing awareness regarding the benefits of coconut nectar syrup and its easy availability are aiding the industry growth in the regions.
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Coconut nectar is obtained by collecting, filtering, and boiling coconut flower sap, which is extracted from green coconut flower blossom. This nectar is rich in mineral and iron content, and thus, helps the body to regulate blood pressure. Being a natural fructose sweetener, coconut nectar syrup is an ideal replacement to normal sugars and other artificial sweeteners.
On the basis of nature, the market is bifurcated into:
The various applications of coconut nectar syrup are:
Based on end use sectors, the industry is segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rising health awareness among consumers is driving the demand for natural and plant-based products over synthetic ones, which is aiding the growth of the coconut nectar syrup industry. The negative impact of artificial flavours and sweeteners on health is compelling the manufacturers to look for natural alternatives. This is further supported by the growing prevalence of diabetes. Moreover, with the growing vegan population, the demand for vegan food products has also increased, thus, pushing the growth of the coconut nectar syrup industry forward. As regular sugar is sometimes processed with the bone char from animals to obtain its white colour, coconut nectar syrup serves as a vegan alternative.
Owing to technological advancements and growing R&D activities, the product is expected to witness enhanced demand from various industries in the forecast period. The expanding applications of coconut nectar syrup and new product launches by the manufacturers are expected to create new opportunities for the market.
The report gives a detailed analysis of the following key players in the global coconut nectar syrup market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Nature |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of nearly USD 205.79 million.
The market is projected to grow at a CAGR of 7% between 2024 and 2032.
The major market drivers include rising birth rates, changing lifestyles, lack of alternatives for nasal aspirators, and rising demand for nasal aspirators in developing regions.
The key trends guiding the market growth include the growing demand for nasal aspirators from parents and paediatricians, ease of usage of the product, and the inflating disposable incomes of middle-class consumers.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading nature segments in the market are organic and conventional.
The significant applications of nasal aspirators include adult and paediatric, among others.
The significant end use sectors in the market are food, confectionery, beverage, and pharmaceuticals, among others.
The major players in the market are Davidsun Coconut Products, Pure Coco., and Superfood d.o.o, among others.
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193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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